vu acc501 Mid Term - Quiz No.10
vu acc501 Business Finance Quiz
This quiz belongs to book/course code vu acc501 Business Finance of vu organization. We have 30 quizzes available related to the book/course Business Finance. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Mid Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
NVAEducation also facilitates users to contribute in online competitions with other students to make a challenging situation to learn in a creative way. You can create one to one, and group competition on an topic of a book/course code. Also on NVAEducation you can get certifications by passing the online quiz test.
Question 1: Product costs include which of the following?
Selling expenses
General expenses
Manufacturing overhead
Administrative expenses
Question 3: Standard Corporation sold fully depreciated equipment for Rs. 5,000. This transaction will be reported on the cash flow statement as a(n):
Operating activity
Investing activity
Financing activity
None of the given options
Question 4: The difference between current assets and current liabilities is known as:
Surplus Asset
Short-term Ratio
Working Capital
Current Ratio
Question 5: According to the accounting profession, which of the given options would be considered a cash-flow item from an investing activity in a cash flow statement?
Cash outflow to the government for taxes.
Cash outflow to shareholders as dividends.
Cash outflow to lenders as interest.
Cash outflow to purchase bonds issued by another company
Question 6: Which of the following is (are) a non-cash item(s)?
Revenue
Expenses
Depreciation
All of the given options
Question 7: Which of the following equation is known as Cash Flow (CF) identity?
CF from Assets = CF to Creditors – CF to Stockholder
CF from Assets = CF to Stockholders – CF to Creditors
CF to Stockholders = CF to Creditors + CF from Assets
CF from Assets = CF to Creditors + CF to Stockholder
Question 8: a firm uses cash to purchase inventory, its current ratio will:
Increase
Decrease
Remain unaffected
Become zero
Question 10: A standardized financial statement presenting all items of the statement as a percentage of total is:
a common-size statement
an income statement
a cash flow statement
a balance sheet
